Chinese Imports Crash & Worst January Export Plunge Since 2009 Sends Trade Surplus To Record High!

• Chinese Imports Crash & Worst January Export Plunge Since 2009 Sends Trade Surplus To Record High! 
  by Tyler Durden, www.zerohedge.com
  Chinese imports collapsed 19.9% YoY in January, missing expectations of a modest 3.2% drop by the most since Lehman. This is the biggest YoY drop since May 2009 and worst January since the peak of the financial crisis. Exports tumbled 3.3% YoY (missing expectations of 5.9% surge) for the worst January since 2009. Combined this led to a $60.03 billion trade surplus in January – the largest ever. But apart from these massive imbalances, everything is awesome in the global economy (oh apart from The Baltic Dry at record lows, Iron Ore near record lows, oil prices crashed, and the other engine of the world economy – USA USA USA – imploding).
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